Stellantis (NYSE:STLA) Shares Bought by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI raised its holdings in Stellantis (NYSE:STLA - Free Report) by 27.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,445,540 shares of the company's stock after purchasing an additional 521,887 shares during the quarter. Zurich Insurance Group Ltd FI owned 0.08% of Stellantis worth $31,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Stellantis in the 4th quarter valued at approximately $609,076,000. Bridgewater Associates LP purchased a new stake in shares of Stellantis during the 4th quarter worth approximately $999,000. Korea Investment CORP boosted its stake in shares of Stellantis by 32.1% during the 4th quarter. Korea Investment CORP now owns 1,305,558 shares of the company's stock worth $17,020,000 after acquiring an additional 317,091 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Stellantis by 3.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,529,083 shares of the company's stock worth $59,045,000 after acquiring an additional 162,201 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Stellantis during the 4th quarter worth approximately $1,151,000. Hedge funds and other institutional investors own 59.48% of the company's stock.

Stellantis Price Performance

STLA stock traded down $0.42 on Friday, reaching $9.94. The company had a trading volume of 15,785,832 shares, compared to its average volume of 11,248,892. Stellantis has a 1 year low of $8.39 and a 1 year high of $22.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The company's fifty day moving average is $10.18 and its 200 day moving average is $12.08. The company has a market cap of $30.04 billion, a P/E ratio of 2.91 and a beta of 1.45.

Stellantis Announces Dividend

The business also recently announced a dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were paid a $0.5032 dividend. This represents a yield of 6.07%. The ex-dividend date of this dividend was Wednesday, April 23rd. Stellantis's payout ratio is currently 20.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. Cowen assumed coverage on Stellantis in a research note on Thursday, March 6th. They set a "hold" rating on the stock. UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. TD Cowen assumed coverage on Stellantis in a research note on Friday, March 7th. They set a "hold" rating and a $13.00 price target on the stock. Finally, DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Twelve research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $16.49.

About Stellantis

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.